Securitas has entered into an agreement to acquire the Diebold Electronic Security activities in North America for SEK2.9bn ($350m) in which 10% of the acquisition price is contingent on the successful transference of some customer-relationships to Securitas. The acquisition is free of debt and Securitas will fund the transaction with its existing revolving credit facility. The deal excludes the Financial Security Solutions business (automated teller machine security, anti-fraud card solution
26 Oct 2015
An important milestone in electronic security
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An important milestone in electronic security
Securitas AB Class B (S7MB:FRA) | 0 0 0.6% | Mkt Cap: 47,995m
- Published:
26 Oct 2015 -
Author:
Hélène Coumes -
Pages:
2
Securitas has entered into an agreement to acquire the Diebold Electronic Security activities in North America for SEK2.9bn ($350m) in which 10% of the acquisition price is contingent on the successful transference of some customer-relationships to Securitas. The acquisition is free of debt and Securitas will fund the transaction with its existing revolving credit facility. The deal excludes the Financial Security Solutions business (automated teller machine security, anti-fraud card solution